MUMBAI STOCK EXCHANGE

Bombay Stock Exchange Limited is the oldest stock exchange in Asia which is located at Dalal Street in Mumbai. It was established in 1875 by a group of 22 stockbrokers in who began trading under a banyan tree opposite the Town Hall of Bombay from the 1850s as under the title Native Share and Stockbrokers Association. In 1899, when Mr. James M Maclean inaugurated it, the stock exchange had moved into the Brokers' Hall. The plot of land on which the BSE building now stands was bought in 1929.

Mr. Premchand Roychand, a leading stockbroker of those days, helped in setting out rules and regulations of trading of stocks at the Stock Exchange in Mumbai. The Bombay Stock Exchange was recognized as the first stock exchange in the country under the Securities Contracts (Regulation) Act in 1959.

Bombay Stock Exchange is one of the largest stock exchange with over 6,000 stocks listed. The Bombay Stock Exchange E accounts for over two thirds of the total trading volume in the country. The BSE SENSEX (SENSitive indEX) which is also known as the ‘BSE 30’, is a widely used market index in India and Asia. The bombay Stock Exchange is among the five biggest stock exchanges in the world in terms of transactions volume as of 2005.

The tourists and travelers can still go and watch the banyan tree in the Horniman Circle Park, Mumbai, where the founders of Mumbai Stock Exchange began trading at stocks.

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